- 🔴Recruiting & HR (95%) ─ Reason: Hiring freeze, pipeline dried up.
- 🔴Product Managers (Non-core) (85%) ─ Reason: Deprioritized initiatives, overhead reduction.
- 🔴Metaverse / Web3 Developers (80%) ─ Reason: Speculative projects cut, market shift.
Layoffs & Culture at Multiverse
THE NUMBERS
THE SCALE
HISTORY
- 🔴Apprenticeship Program Staff (90%) ─ Reason: Program deemed non-core; immediate cost savings.
- 🔴Talent Acquisition / Recruiters (80%) ─ Reason: Hiring freezes, reduced growth ambition.
- 🟡Internal Learning & Development (General) (70%) ─ Reason: Cost cutting, non-essential expense.
- 🔴School-leaver Apprentices (95%) ─ Reason: Program eliminated, entry-level skills oversupplied.
- 🔴Apprenticeship Program Managers (85%) ─ Reason: Program strategy pivot, management obsolete.
- 🟡Early Career Talent Acquisition (70%) ─ Reason: Entry-level hiring paused, pipeline redundant.
- 🔴Internal Recruiters/Talent Acquisition (95%) ─ Reason: Hyper-growth illusions broken, hiring bench shelved.
- 🔴External Candidates (Ghosted) (85%) ─ Reason: Budget cuts, market uncertain, offers rescinded.
- 🟡Future Project/Growth Team Roles (75%) ─ Reason: Non-essential new roles, future growth deferred.
THE ANALYSIS
Multiverse's workforce strategy from 2020 to 2026 demonstrates a pronounced shift towards strategic contraction and operational realignment, moving away from earlier growth phases. The initial indication of this recalibration emerged by July 2022, with widespread tech hiring freezes and slowdowns directly impacting Multiverse's US operations. This period of constraint intensified into significant workforce reductions, notably in November 2023, when 44 employees were impacted. This action was explicitly aimed at reviving the US business amidst widening losses and coincided with a strategic pivot away from apprenticeships, a direction solidified by an October 2023 focus away from school-leaver programs. The trajectory of workforce optimization continued into early 2026, with a further 55 employees affected on January 5. This most recent adjustment was directly attributed to challenging market conditions and a comprehensive refocusing of the company's business strategy, underscoring a sustained commitment to efficiency and a refined market approach in a competitive environment.
Multiverse has eliminated a total of 99 positions across 4 workforce events.













